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22.10.2015 14:46

European Central Bank President Mario Draghi: the value of the ECB’s asset-buying programme will be discussed at the monetary policy meeting in December

The European Central Bank (ECB) President Mario Draghi said at a press conference on Thursday:

  • Domestic demand in the Eurozone remains resilient,
  • There are risks to the outlook for growth and inflation from a slowdown in emerging economies and from developments in financial and commodity markets;
  • The value of the ECB's asset-buying programme will be discussed at the monetary policy meeting in December;
  • The central bank will expand its asset-buying programme if needed to boost inflation toward the 2% target;
  • The economy in the Eurozone is expected to recover slower due to weaker than expected foreign demand;
  • The low inflation is driven by lower energy prices;
  • Inflation is expected to rise during 2016 and 2017;
  • Lending continued to improve;
  • The Governing Council discussed the possibility to cut interest rates, but the decision was not made.

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